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unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solution that you need to solve this country's headwinds becomes much more difficult, which means that the private sector will become more cautious, will higher less, will invest less, which means that our economic growth will slow down. and our unemployment rate will stop going down as fast. >> we're just starting to get some traction here, we want to keep this going. mark, let me ask you, the economy is doing better than expected. there's no question. the revisions to a lot of numbers are looking better. housing is coming back. the median price of an existing home shot up 10% in november year over year. we've been seeing six months of home values going up in a row. a lot of americans build their wealth through their homes, higher home values means more confidence going forwar
unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solution that you need to solve this country's headwinds becomes much more difficult, which means that the private sector will become more cautious, will higher less, will invest less, which means that our economic growth will slow down....
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Dec 23, 2012
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in sight, the president and speaker boehner are thousands of miles away from each other, each left washington for the holiday. we will have live report from hawaii and the latest on the fiscal cliff talks in just a few minutes as well. it's official, bp oil company will have to pay up to $7.8 billion, that is the class action settlement amount they agreed to pay to 100,000 businesses and individual has h by the biggest oil spill in history. the settlement was finalized yesterday, a lot of them are opting out and pursuing lawsuits of their own. >>> more affects of a brand new government's growing pans. this man announced that political life does not agree with him and he will go back to being a judge. it's the same day that the people are voting for a change to the new islamist backed constitution. protests broke out last month when the president gave himself near absolute power. >>> a eczema reason is freed today and heading home. he was locked up on weapons charges. he was threatened and chained to a bed and never saw a judge. the u.s. diplomats got involved and convinced mexican authorities
in sight, the president and speaker boehner are thousands of miles away from each other, each left washington for the holiday. we will have live report from hawaii and the latest on the fiscal cliff talks in just a few minutes as well. it's official, bp oil company will have to pay up to $7.8 billion, that is the class action settlement amount they agreed to pay to 100,000 businesses and individual has h by the biggest oil spill in history. the settlement was finalized yesterday, a lot of them...
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Dec 23, 2012
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"usa today's" washington bury rechief sussan page and ron duffy. i'm candy crowley. nine days after the mass shooting deaths in newtown, the president of the national rifle association joined the gun debate. >> i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. >> in a similar vein, lawmakers in a growing number of states including oklahoma, missouri, south dakota, virginia and oregon will consider laws allowing teachers and school administrators to carry firearms at school. the nra is moving ahead to have their national model school shield in place to schools that want it. to talk about the dangers and backlash is the program director assa hutchinson. thank you for joining us. one of the thing that struck me is there was no mention of any gun control in favor or in opposition, so i wanted to get you on the record. will the nra oppose any attempt to put new gun laws in place? >> well, that's a separate debate. my responsibility is school safety, and i think that's where
"usa today's" washington bury rechief sussan page and ron duffy. i'm candy crowley. nine days after the mass shooting deaths in newtown, the president of the national rifle association joined the gun debate. >> i call on congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. >> in a similar vein, lawmakers in a growing number of states including oklahoma, missouri, south dakota, virginia...
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Dec 23, 2012
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president, as a senator from another state far from washington d.c. i learned a lot from him about how to advocate for the people who elect you and make sure they never get lost here in the mix. through his quiet and shiney example we learned about bipartisan ship. we all learned a bit more about effectiveness. he knew how to get things done more than anyone i have seen before or will since. we learned a bit more about hume illty. you never here danny talk about himself. we learned about respect, kindness towards all, not just those who agree with you. and he helped us remember every single day why he came here in the first place. yath you how many times danny would stand his ground on issues others had given up on because he knew the impact it would have on real people. he knew this was not just about politics, it was about helping people and delivering for our communities and our nation. mr. president, daniel inouye impressed me every day for 20 years but nothing impressed me more than his love for his community and family. i just got off the phone
president, as a senator from another state far from washington d.c. i learned a lot from him about how to advocate for the people who elect you and make sure they never get lost here in the mix. through his quiet and shiney example we learned about bipartisan ship. we all learned a bit more about effectiveness. he knew how to get things done more than anyone i have seen before or will since. we learned a bit more about hume illty. you never here danny talk about himself. we learned about...
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Dec 23, 2012
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and that's what i hoped we could do here in washington. maybe naively i went to work in the house, often working with the heritage foundation to create a better product here in washington. i saw social security, and not many people look below the surface, but we knew it was going broke. we knew we were taking in money that people were paying for this social security retirement benefit, but we were spending it all. and i thought, what an opportunity it would be for future generations, for my children, if we actually saved what people were putting into social security for their retirement. and you didn't have to do too much math to see that even for middle-class workers that americans could be millionaires when they retired if we even kept half of what was put into social security for them. it seemed like a good idea to create wealth and independence for individuals in retirement. but we made it a political idea and somehow convinced americans that it was riskier to save their social security contribution than it was just to spend it. i'm le
and that's what i hoped we could do here in washington. maybe naively i went to work in the house, often working with the heritage foundation to create a better product here in washington. i saw social security, and not many people look below the surface, but we knew it was going broke. we knew we were taking in money that people were paying for this social security retirement benefit, but we were spending it all. and i thought, what an opportunity it would be for future generations, for my...
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Dec 23, 2012
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i'm candy crowley in washington. head to cnn.com/sotu for extras. for all of us at state of the union, again, we want to wish you a merry christmas and happy holiday season. fareed zakaria "gps" is next for our viewers here in the united states. >>> this is "gps" the global public square. welcome to all of you in the united states and around the world. i'm fareed zakaria. on the show today, we'll move past the fiscal cliff and talk about the real challenges to the economy. i will talk to the chief economic adviser of the romney campaign and president obama's former budget czar peter orzack, among others. >>> also, let me tell you about the biggest success story in latin america. it's not brazil. much closer to home. then, as the world watches the arab world struggle with democracy, we'll take a look at the problem from an unusual perspective, upside down. how does a country turn away from democracy as eastern europe did 50 years ago? i talked to pulitzer prize winning historian anne happalbaum. >>> the administration had a choice save chrysler by in
i'm candy crowley in washington. head to cnn.com/sotu for extras. for all of us at state of the union, again, we want to wish you a merry christmas and happy holiday season. fareed zakaria "gps" is next for our viewers here in the united states. >>> this is "gps" the global public square. welcome to all of you in the united states and around the world. i'm fareed zakaria. on the show today, we'll move past the fiscal cliff and talk about the real challenges to the...
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Dec 23, 2012
12/12
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not washington but on this end. there's recap for a second, if you will. the laffer curve that you game famous for. that's your theory on tax rates and revenue and it shows, the laffer curve, if you have a tax rate of zero obviously you correct zero revenue to run the government. if you have a tax rate, your theory holds of 100%, you also probably collect zero in revenue because you've disincentivized people to get to work. somewhere in your curve is the sweet spot of the tax rate that would allow for the most revenue. what is that sweet spot? >> i don't know where it is exactly, obviously. but i know the laffer curve, the operation in the upper income groups is much more sensitive to tax rate hikes that the lower ranges. rich people have all sorts of options available to cut back on taxes. hire lawyers, accountants, deferred income specialists, congressmen, senators. so when you raise tax rates on the rich you almost always get less revenue and cause the economy to collapse. it makes no sense raising tax rates on the highest income offers. >> what will ha
not washington but on this end. there's recap for a second, if you will. the laffer curve that you game famous for. that's your theory on tax rates and revenue and it shows, the laffer curve, if you have a tax rate of zero obviously you correct zero revenue to run the government. if you have a tax rate, your theory holds of 100%, you also probably collect zero in revenue because you've disincentivized people to get to work. somewhere in your curve is the sweet spot of the tax rate that would...